While he declined to go into detail about what he was working on, Reznor said it's "very creative work" and hinted that it's "in the world" of music delivery.

"I am on the side of streaming music, and I think the right streaming service could solve everybody's problems," he told Billboard. "Ownership is waning. Everybody is comfortable with the cloud... I just think we haven't quite hit the right formula yet."

Apple is in the midst of overhauling Beats Music and plans to relaunch the service as part of iTunes in the coming year, according to a recent Wall Street Journalreport. Other reports have suggested the company is negotiating with record labels to offer a discounted music streaming service.

Reznor also weighed in on the recent U2 giveaway debacle, saying the band made a "misstep" in how it presented the giveaway. "I am assuming the momentum of that situation led to the oversight in not thinking that people might feel intruded upon," he said.

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